The statement of financial position as of December $31,2024,$ for Sheridan Corporation follows:

$($all amounts in thousands$)$

The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $$33$ million.

$($a$)$

$$ Your answer is incorrect.

Sheridan has a cash balance of $$20$ million as of December $31,2024.$ Determine the debt to equity ratio and net debt as a

percentage of total capitalization ratio. Assume that only the company's long$-$term liabilities are interest bearing. $($Round answers

to $2$ decimal places, e$.$g$.1\mathrm{.}25$:$1.)$

Debt to equity

Net debt as a percentage of total capitalization

Both answers are wrong $-$ please helppp